Buena Vista’s median home values rose 60% since 2020. The city used to have one of the highest property tax rates in Virginia, but a recent cut brought Buena Vista below the state average.
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The City of Lexington will consider new proposals to develop condos and townhouses at the former VDOT site on Waddell Street. Echelon ditched an earlier plan to build over 200 new rental units, including some below market rate.
Residents may start receiving a monthly stormwater fee beginning as early as January 2026.
City Manager Jim Halasz is recommending approval, saying the city would still collect a little more than $2 million over 20 years.
The building was built in 1892 and has not been renovated since 1984.
City council is expected to resume discussion about the proposed ordinance at its Feb. 15 meeting.
Lexington’s housing board and some city council members are discussing several ideas to address homelessness in the city.
No police are reportedly injured from the explosion last night that occurred just a few miles outside of Washington, D.C. The Arlington police said the suspect is presumed to be dead. Police were already on the scene after responding to multiple flare gun shots fired earlier that day.
Several Lexington hotels are now refusing to accept homeless guests. This comes at a time when demand for local housing assistance has increased. Local advocates say that building more affordable housing is their primary focus in alleviating homelessness.
The voucher program has been underfunded for a decade and sometimes provides vouchers to people who no longer live in Rockbridge County. Local government leaders don’t want to be caught in the mess.